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GE Capital Fleet Services

As we all know, General Electric (GE) has exited the fleet management industry after a three-decade presence, which started in 1984 when GE Credit Corp. purchased Kerr Leasing, a small family-owned leasing company in Englewood, Colo. What is not well known is why GE entered the fleet management industry in the first place. Here is the prologue or “back story” that was the catalyst to GE’s entry into the fleet business.

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Merger Mania Hits Fleet Market, Again

Merger mania is hitting the fleet market once again. We’re hearing about potential OEM consolidations and we now have Element Financial Corp. expanding its foothold in the U.S., with the acquisition of GE Capital Fleet Services on the heels of its recent purchase of PHH.

Element Financial's President Explains GE Capital Buy

The president of Element Financial Corp. provides the strategic thinking and explains the impact on the fleet industry of the company's acquisition of GE Capital Fleet Services in an exclusive interview with Automotive Fleet.

GE Capital Fleet to Offer Electronic Truck Compliance System

Through a partnership with J.J. Keller & Associates Inc. and Verizon Networkfleet, the new telematics offering will provide companies, including those with medium-duty fleets, with enhancements including electronic hours of service and driver vehicle inspection reports.

Element to Acquire GE Capital's Fleet Business

Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.

Why GE Decided to Sell Its Fleet Services Business

Although GE Capital Fleet Services has had strong annual revenue growth and a significant product development agenda, its upcoming sale is part of a larger strategic plan by its parent company to focus on its core industrial businesses.

GE Capital Fleet Services Introduces Analytics Platform

GE Capital Fleet Services today introduced BrightWorks Insights, a fleet analytics platform that brings together data from drivers, vehicles, fleet services, and third parties to enable companies to make smarter fleet management decisions.

GE to Sell Fleet Management Unit by 2018

General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.